66,618 Shares in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Acquired by Spectrum Financial Alliance Ltd LLC

Spectrum Financial Alliance Ltd LLC bought a new stake in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 66,618 shares of the aerospace company’s stock, valued at approximately $2,270,000. Spirit AeroSystems comprises 0.8% of Spectrum Financial Alliance Ltd LLC’s investment portfolio, making the stock its 11th largest holding.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. National Bank of Canada FI raised its position in Spirit AeroSystems by 3,996.6% during the third quarter. National Bank of Canada FI now owns 2,500,000 shares of the aerospace company’s stock valued at $81,275,000 after acquiring an additional 2,438,974 shares in the last quarter. Alpine Associates Management Inc. acquired a new stake in Spirit AeroSystems in the 3rd quarter worth $77,296,000. Bank of Montreal Can raised its holdings in Spirit AeroSystems by 1,744.2% in the 3rd quarter. Bank of Montreal Can now owns 802,091 shares of the aerospace company’s stock valued at $26,557,000 after acquiring an additional 758,599 shares in the last quarter. ING Groep NV bought a new stake in Spirit AeroSystems in the 3rd quarter valued at $16,817,000. Finally, Harvest Management LLC boosted its holdings in Spirit AeroSystems by 84.8% during the third quarter. Harvest Management LLC now owns 483,000 shares of the aerospace company’s stock valued at $15,702,000 after purchasing an additional 221,600 shares in the last quarter. Institutional investors and hedge funds own 93.59% of the company’s stock.

Spirit AeroSystems Stock Down 1.7 %

NYSE SPR opened at $33.88 on Friday. The company has a market capitalization of $3.96 billion, a price-to-earnings ratio of -2.73 and a beta of 1.80. Spirit AeroSystems Holdings, Inc. has a twelve month low of $28.30 and a twelve month high of $37.08. The stock has a fifty day simple moving average of $33.99 and a 200 day simple moving average of $33.24.

Analyst Ratings Changes

A number of research analysts have issued reports on SPR shares. StockNews.com initiated coverage on shares of Spirit AeroSystems in a research report on Thursday. They set a “sell” rating on the stock. Royal Bank of Canada reissued a “sector perform” rating and set a $37.25 price target on shares of Spirit AeroSystems in a research report on Tuesday, February 11th. Finally, TD Cowen raised shares of Spirit AeroSystems to a “strong-buy” rating in a research note on Thursday, December 19th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $36.00.

Spirit AeroSystems Company Profile

Spirit AeroSystems Holdings, Inc engages in the design, engineering, manufacture, and marketing of commercial aerostructures worldwide. It operates through three segments: Commercial, Defense & Space, and Aftermarket. The Commercial segment offers forward, mid, and rear fuselage sections and systems, floor beams, nacelles, struts/pylons, horizontal and vertical stabilizers, flaps and slats flight control surfaces, wing structures, and wing systems.